Want your company to go from good to great?
- Embrace the idea of continuous innovation.
I have worked in the innovation industry for over eight years, helping companies like DELA, Cisco, and Sony stay ahead of the competition through innovative strategies. With a strong track record of delivering results, I have learned some valuable traits to succeed in innovation.
Here are five tips to help you develop a habit of continuous innovation.
Agile Iteration
- Embrace a mindset of rapid experimentation and iteration.
- Learn from each iteration and adapt your approach based on the insights gained.
- Continuously refine and improve your innovation processes and solutions.
It sounds easy, but this might be your biggest pitfall stating:
"Oh, I already know this; let's just begin".
The devil is in the details.
Customer-Centric Design
- Deeply understand your customers' needs, pain points, emotions and desires.
- Don't build anything throughout the innovation process without customer feedback.
- Don't just build products because technology allows it.
It's your customer who pays the bills, not your shareholders.
Collaborative Ecosystems
- Build partnerships and collaborations with diverse external stakeholders.
- Leverage collective knowledge, resources, and networks.
- Don't be too scared to share your ideas; partners in the ecosystem might have an interesting idea to help you break down another barrier.
Together, you will reach higher heights than alone.
Data-Driven Insights
- Collect and analyze relevant data to gain valuable insights.
- You don't need statistically representative data to make good decisions
- You are building a chain of experiments - don't try to collect all the data at once.
Data is key, but don't be paralyzed by it.
Continuous Learning
- Make sure everyone in your team is continuously learning.
- Experimentation and a growth mindset win over perfection.
- Never, ever interrupt the compounding effect of learning.
The more you learn, the more you earn.
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Don't create unicorns,
Let's breed blue whales.
🐋
